CFGI could be the BIG story tomorrow. Unlike ATLB, this one offers the service NOW! Unusual volume and price action today and small float. Here's the news:
Monday April 5, 10:26 am Eastern Time
Company Press Release
The Bank of Nashville Announces New Direct Internet Banking Service
NASHVILLE, Tenn.--(BUSINESS WIRE)--April 5, 1999--The Bank of Nashville, a wholly owned subsidiary of Community
Financial Group, Inc. (NASDAQ: CFGI - news), today announced that their new direct Internet banking service, Bank-on-Line,
is now available. Bank-on-Line was developed in response to customer requests and a recent customer survey, both of which
showed widespread interest in an on-line financial product.
''We view the Internet as another, perhaps even more convenient, channel to deliver service to our customers,'' said Mack S. Linebaugh, Jr., President and CEO of
The Bank. ''Bank-on-Line provides total accessibility to your personal accounts at any time, from any computer that can access the Internet--whether it's at home
or in your office. Now our clients can manage their finances more efficiently than ever before, while maintaining high security for all information, thanks to several
layers of security precautions.''
Initial account services available on-line include up-to-date deposit and loan account information, transfers between accounts at The Bank of Nashville, and
downloading account information into personal financial software--all available at no monthly charge. Electronic bill payment is also available for a low monthly fee,
allowing you to pay all of your bills automatically. Logging on to Bank-on-Line begins at The Bank's web site: www.bankofnashville.com.
As Internet commerce has grown and more people are making purchases on-line, security methods have also improved, making the Internet a very secure medium
of exchange. Every safeguard has been taken to ensure that accounts accessed through Bank-on-Line receive the utmost in safety and security. ''All information is
encrypted as it travels from a home computer to The Bank's, and it would take thousands of years to break the code,'' said David Reynolds, vice president of
information technology. ''In addition, at various points during the transfer it must pass through firewalls, the prevailing technology in Internet security, ensuring that
information cannot be intercepted along the way.''
''For customers who aren't sure, aren't on line or who just like to visit with their banker, Internet banking won't take the place of a friendly face at one of our branch
offices,'' said Linebaugh. ''We've always been a very service-oriented bank and we plan to maintain that relationship. ''If customers want to come to The Bank and
talk to someone, our personal bankers are ready to serve--at no charge for the visit. Actually we encourage face-to-face visits as it is important to us to know our
customers as we constantly strive to better serve their needs,'' concluded Linebaugh.
The Bank of Nashville has offices Downtown, Green Hills and Brentwood with a new office in Hendersonville planned to open in May, 1999.
Jason |
